FUELING THE FUTURE: M25 announces new fund; Benson Hill goes public; Sixty8 Capital

  • INDIANAPOLIS—Sixty8 Capital, an Indianapolis-based, seed-stage venture capital firm supporting Black, Latinx, women and LGBTQ+ led startups, announced the first close of its new $20 million venture fund. Investors include The Indiana Next Level Fund, 50 South Capital, Bank of America, Eli Lilly and Company, First Internet Bank and the Central Indiana Community Foundation.
  • KANSAS CITY, KS—Torch.AI announced plans to make an economic investment in the Kansas City region as part of a $27 million tax incentive package awarded by the Kansas Department of Commerce. Torch.AI, which uses machine learning to enable ultra-high performance data processing, expects to create nearly 500 full-time jobs over the course of five years.
  • BEAVERCREEK, OH—Oculii, a developer of high-resolution imaging radars for autonomous systems raised a $55 million round. The money will allow for continued investment in the company’s tech and will allow for the expected scaling and hiring.